Grab PH to ease driver disbursements through Unionbank partnership

GRAB Philippines has forged a partnership with UnionBank of the Philippines to help make driver disbursements easier through the use of the bank’s neo-banking platform, EON.

The ride- hailing company will now give all of its driver-partners EON cards through the partnership, which allows them to avail all of EON’s banking services through its app, such as moving money, buy airtime load and credits for RFID, pay for purchases at stores accepting Visa, among others. Drivers will receive earnings and incentives on their EON accounts, which can be tracked through its app as well.

The driver can also lock his or her card to avoid theft and if a dubious transaction

text messages saying the account may have been compromised.

According to Grab Philippines country head Brian Cu, the partnership is part of the company’s “Kita Ka Dito” program, which

literacy and welfare. The partnership also al- literacy workshops to Grab drivers and their loved ones in Metro Manila and Cebu.

“As Grab moves forward to become the everyday app for consumers, it also aims to empower the lives of 100 million micro-entrepreneurs and driver-partners,” Cu said in a statement.

EON Banking Group head Paolo Baltao said that there will be more projects to come through the partnership.

“We intend to deepen the relationship with Grab and its Grab Peers [drivers], and give them a full customer life cycle offering. The partnership does not start and end with payments,” Baltao added.